Korean shipbuilding company Samsung Heavy Industries (SHI) has been hit with a drillship cancellation by floating-rig drilling contractor Pacific Drilling S.A. The decision stems from the SHI’s failure to timely deliver ultra-deepwater drillship Pacific Zonda, the company said. “Pacific Drilling has
Singapore tanker owner and operator AET has signed contracts for eight new vessels in a deal valued at approximately USD 500 million. Samsung Heavy Industries Co Ltd (SHI) has been contracted to build four Aframax vessels of 113,000 dwt to be delivered in 2018. A further contract was signed today wi
Singapore tanker owner and operator AET has signed contracts for eight new vessels in a deal valued at approximately USD 500 million. Samsung Heavy Industries Co Ltd (SHI) has been contracted to build four Aframax vessels of 113,000 dwt to be delivered in 2018. A further contract was signed today wi
GTT, CMA CGM (and its subsidiary CMA Ships) and DNV GL released a technical and feasibility study for a new mega box ship today – the Piston Engine Room Free Efficient Containership PERFECt. The concept vessel is LNG-fuelled, powered by a combined gas and steam turbine, and is electrically driven. E
GTT, CMA CGM (and its subsidiary CMA Ships) and DNV GL released a technical and feasibility study for a new mega box ship today – the Piston Engine Room Free Efficient Containership PERFECt. The concept vessel is LNG-fuelled, powered by a combined gas and steam turbine, and is electrically driven. E
Classification society Bureau Veritas has granted Approval in Principle to a 4,000 cu m Bunkering Ship concept developed by France’s LNG containment manufacturer, GTT. The concept is for a bunker tanker which could deliver LNG as ship’s fuel using tanks with a GTT Mark III Flex Cargo Containment sys
Classification society Bureau Veritas has granted Approval in Principle to a 4,000 cu m Bunkering Ship concept developed by France’s LNG containment manufacturer, GTT. The concept is for a bunker tanker which could deliver LNG as ship’s fuel using tanks with a GTT Mark III Flex Cargo Containment sys
Finding new talent to fill the ranks in the maritime industry is a tough job especially if the labor force you are targeting are engineers. Falling oil prices have seen an overall downturn in the oil and gas industry, as companies resorted to cost cutting measures and layoffs. However, activities in
Finding new talent to fill the ranks in the maritime industry is a tough job especially if the labor force you are targeting are engineers. Falling oil prices have seen an overall downturn in the oil and gas industry, as companies resorted to cost cutting measures and layoffs. However, activities in
Energy Duchess, the first of two platform supply vessels ordered by Norway’s Golden Energy Offshore, was launched on Tuesday at the ROC yard in Nantong, China. Energy Dutchess and her sister vessel are scheduled for deliveries in 2016. The vessels are based on the PX121 design from Ulstein, and cust
Energy Duchess, the first of two platform supply vessels ordered by Norway’s Golden Energy Offshore, was launched on Tuesday at the ROC yard in Nantong, China. Energy Dutchess and her sister vessel are scheduled for deliveries in 2016. The vessels are based on the PX121 design from Ulstein, and cust
New York-headquartered crude oil shipping company Gener8 Maritime has entered into a USD 60.2 million term loan facility with Citibank to fund a portion of the remaining installment payments due under the shipbuilding contract for one very large crude carrier (VLCC) newbuilding. The VLCC in question
New York-headquartered crude oil shipping company Gener8 Maritime has entered into a USD 60.2 million term loan facility with Citibank to fund a portion of the remaining installment payments due under the shipbuilding contract for one very large crude carrier (VLCC) newbuilding. The VLCC in question
South Korea’s Hanjin Heavy Industries & Construction (HHIC) and international classification society Lloyd’s Register (LR) have completed a joint project to develop a 30,000 cbm LNG carrier design featuring bi-lobe type ‘C’ tanks suitable for small-scale and coastal LNG trading. LR says that the ves
